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MOTOR INDUSTRY BARGAINING COUNCIL – MIBCO - DOC

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					                       MOTOR INDUSTRY BARGAINING COUNCIL – MIBCO
                                             (NATIONAL OFFICE)
                                                 P. O. Box 4616
                                                  RANDBURG
                                                      2125


         APPLICATION FOR EXEMPTION FROM THE MOTOR INDUSTRY ADMINISTERED PENSION/ PROVIDENT FUNDS


Name of Industry Fund in respect of which exemption is being applied for:


(Note: A separate application form must be completed for EACH Industry Fund from which exemption is requested)




                  PLEASE NOTE THAT ALL PARTICULARS RELATE TO THE EMPLOYER’S IN-HOUSE FUND


IMPORTANT:              Please submit DETAILED RULES relevant to the In-House Fund. Also, clearly cross
                        reference item numbers of this questionnaire / application form (where applicable) to the
                        relevant page number, section and sub-section of the detailed rules.


1.      GENERAL IMFORMATION


1.1     Trading name of Employer_____________________________________________________________________


1.2     Street Address: _______________________________ 1.3 Postal Address:_____________________________


                        ________________________________                          _____________________________


                        ________________________________                          _____________________________


                        ________________________________ 1.4 Tel. No:             _____________________________


1.5     Name of In-House Fund: ______________________________________________________________________


1.6     Name of underwriter: _________________________________________________________________________


1.7     If not underwritten by an insurer – Name of Fund’s Actuary: _____________________________________


                                            Telephone No. of Actuary: ____________________________________


1.8     Fund Registration number in terms of the Pension Act: ___________________________________________


                                                        1
1.9     Date of Registration: __________________________________________________________________________


1.10    Is the In-House fund a DEFINED BENEFIT or DEFINED CONTRIBUTION Fund? ___________________


2.      MEMBERSHIP INFORMATION


2.1     State, clearly, which classes of Employees are eligible to join the In-House Fund:


        ______________________________________________________________________________________________


2.2     Is membership of the In-House Fund a condition of Employment? ________________________________


2.3     What is the obligatory waiting period before an Employee may join in the In-House Fund?


        ______________________________________________________________________________________________




2.4     List the Industry Fund’s membership which THIS application relates to under the following headings:


        Refer to ANNEXURE – page 6




3.      CONTRIBUTION RELATED INFORMATION


3.1     What percentage of weekly/monthly wages/salary does the EMPLOYER contribute towards the In-House
        Fund?


        ______________________________________________________________________________________________


3.2     What percentage of weekly/monthly wages/salary does the EMPLOYEE contribute towards the In-House
        Fund?


        ______________________________________________________________________________________________


3.3     IMPORTANT – Accompanying this application; a certificate, signed by the Fund’s Actuary, stating clearly the
        following:


3.3.1   Of the Employer’s and Employee’s total contribution, what percentage portion is allotted towards:-


3.3.1.1 Administration Costs             ________________________________


3.3.1.2 Risk Benefits                    ________________________________

                                                         2
3.3.1.3 Retirement Benefits              ________________________________



3.3.2   Are these allotments FIXED      
                                        or subject to CHANGE   as and when required by the Trustees (please
        indicate)


3.4     RETIREMENT AGES


3.4.1   Normal Retirement                Males: _________________     Females:       __________________


3.4.2   Early Retirement                 Males: _________________     Females:       __________________


3.4.3   Early Ill-Health retirement      Males: _________________     Females:       __________________


4.      WITHDRAWAL BENEFIT INFORMATION


4.1     RESIGNATION


        Comprehensively state what benefit is payable to the member from:


4.1.1   Member’s portion of contribution __________________________________________________________


4.1.2   Interest (give full details)            __________________________________________________________


4.1.3   Any other (give full details)           __________________________________________________________


        ______________________________________________________________________________________________


4.1.4   Employer’s portion of contribution      __________________________________________________________


4.1.5   Interest (give full details)            __________________________________________________________


4.1.6   Any other (give full details)           __________________________________________________________


        ______________________________________________________________________________________________




4.2     DISMISSAL


        Comprehensively state what benefit is payable to the member from:



                                                       3
4.2.1   Member’s portion of contributions         __________________________________________________________


4.2.2   Interest (give full details)              __________________________________________________________


4.2.3   Any other (give full details)             __________________________________________________________


        ______________________________________________________________________________________________


4.2.4   Employer’s portion of contribution        __________________________________________________________


4.2.5   Interest (give full details)              __________________________________________________________


4.2.6   Any other (give full details)             __________________________________________________________


        ______________________________________________________________________________________________


4.3     RETRENCHMENT OR REDUNDANCY


        Comprehensively state what benefit is payable to the member from:


4.3.1   Member’s portion of contribution __________________________________________________________


4.3.2   Interest (give full details)              __________________________________________________________


4.3.3   Any other (give full details)             __________________________________________________________


        ______________________________________________________________________________________________


4.3.4   Employer’s portion of contribution        __________________________________________________________


4.3.5   Interest (give full details)              __________________________________________________________


4.3.6   Any other (give full details)             __________________________________________________________


        ______________________________________________________________________________________________


4.4     DEFERRED PENSION BENEFIT


4.4.1   Is a Deferred Pension Benefit available upon withdrawal?       _____________________________________


4.4.2   What are the conditions to qualify for this benefit?    ____________________________________________


        ______________________________________________________________________________________________

                                                           4
4.4.3   Comprehensively describe the benefit      __________________________________________________________


4.5     TRANSFERABILITY INFORMATION


4.5.1   Should a member withdraw from the In-House Fund and join an Employer which belongs to the Motor
        Industry Administered Funds, comprehensively detail what Employee and Employer benefits would be
        transferable.


        ______________________________________________________________________________________________


        ______________________________________________________________________________________________


        ______________________________________________________________________________________________




4.5.2   Should a member withdraw from the In-House Fund and join an Employer which has it’s own In-House
        Fund, comprehensively detail what Employee and Employer benefits would be transferable.


        ______________________________________________________________________________________________


        ______________________________________________________________________________________________


        ______________________________________________________________________________________________


5.      DISABILITY BENEFIT INFORMATION


5.1     Is a Disability Benefit available? __________________________________________________________


5.2     What are the conditions to qualify for this benefit?      ____________________________________________


        ______________________________________________________________________________________________


5.3     Comprehensively describe this benefit?             ___________________________________________________


        ______________________________________________________________________________________________


        ______________________________________________________________________________________________


6.      IN-SERVICE DEATH BENEFIT INFORMATION


6.1     Is an In-Service Death Benefit provided? ___________________________________________________


6.2     What are the conditions for the spouse or dependants to qualify for this benefit?

                                                           5
        ______________________________________________________________________________________________


6.3     Comprehensively describe this benefit   __________________________________________________________


        ______________________________________________________________________________________________


        ______________________________________________________________________________________________


7.      RETIREMENT BENEFIT INFORMATION


7.1     NORMAL RETIREMENT


7.1.1   How is this benefit calculated? __________________________________________________________________


        ______________________________________________________________________________________________


7.1.2   For what period is the pension guaranteed?     ___________________________________________________


7.2     EARLY RETIREMENT


7.2.1   How is this benefit calculated? __________________________________________________________________


        ______________________________________________________________________________________________


7.2.2   For what period is the pension guaranteed?     ___________________________________________________


7.3     EARLY ILL – HEALTH RETIREMENT


7.3.1   How is this benefit calculated? __________________________________________________________________


        ______________________________________________________________________________________________


7.3.2   For what period is the pension guaranteed?     ___________________________________________________




7.4     DEATH OF A PENSIONER


7.4.1   What pension is payable to the spouse or dependants for the remainder of the guaranteed period?


        ______________________________________________________________________________________________


7.4.2   What pension is payable to the spouse or dependants after the expiry of the guaranteed period?


                                                       6
       ______________________________________________________________________________________________


8.     HOUSING COLLATERAL


8.1    Does the in-house Fund provide for a housing collateral?


       ______________________________________________________________________________________________


8.2    At what interest rate?


       ______________________________________________________________________________________________


9.     Any other information that might be applicable to motivate this application


       ______________________________________________________________________________________________


       ______________________________________________________________________________________________


       ______________________________________________________________________________________________


10.    TRUSTEE INFORMATION


10.1   Chairman        ___________________________________ Signature                 _____________________________


10.1.1 Is the Chairman an Employer, Employee or Independent?             _____________________________________


10.2   OTHER TRUSTEES



                EMPLOYER TRUSTEES                                            EMPLOYEE TRUSTEES


         NAME                        SIGNATURE                        NAME                        SIGNATURE




                                                        7
                    The above Particulars are correct to the best of my knowledge and belief



Signed at ____________________________________ this __________________ day of _________________________


20____________.




_________________________________________                      ____________________________________________
Signature of Employer or authorised person                     Date




                                                       8
ANNEXURE


                                               INDUSTRY    INDUSTRY FUND
                                                                           SIGNATURE OF
   SURNAME   FIRST NAME/S   I.D. NUMBER         FUND        MEMBERSHIP
                                                                            EMPLOYEE
                                              MEMBERSHIP   COMMENCE-MENT
                                                 NO.




                                          9
WHEN APPLICATIONS FOR EXEMPTION ARE RECEIVED FROM FIRMS REQUESTING
EXEMPTION FROM THE MOTOR INDUSTRY’S ADMINISTERED RETIREMENT FUNDS, THE
FOLLOWING PRE-REQUISITES MUST BE IN PLACE, AS SET OUT IN CLAUSE 40 OF THE
COUNCIL’S MAIN AGREEMENT:


     When applications for exemption are received from employers or a group of employees, requesting
     exemption from the Motor Industry's retirement funds in order to join an alternative approved fund, the
     following shall be observed:

            (1)     The alternative fund must be a properly structured pension/provident/ retirement fund
                    registered in terms of the Pension Act.

            (2)     Applications for exemption submitted by an employer on behalf of its employees to be
                    exempted from the industry's retirement funds, must be made on an official company
                    letterhead and must be signed by the employer or its duly authorised representative.

            (3)     Applications for exemption submitted by a group of employees to be exempted from the
                    industry's retirement funds, must be made on an official company letterhead from the
                    company that they are employed at, and must be signed by each employee or his/her duly
                    authorised representative.

            (4)       The contributions to the alternative fund by both employer and employee must be at least
                    the equivalent to that required by the industry's funds respectively.

            (5)       The waiting period for membership to the alternative fund(s) may not be longer than 6
                    months.

            (6)     All new alternative funds’ benefits must be collectively better than that of the industry's
                    funds and all existing funds which at present enjoy exemption must be equal to or better
                    than that of the industry’s funds.

            (7)     Membership of an alternative fund that complies with these criteria is compulsory when
                    being exempted from membership of the industry funds.

            (8)     In the event that a dispute arises as a result of the rejection of such application, the dispute
                    shall be referred to an agreed neutral third party or parties, qualified in the matters of
                    retirement funds, who shall observe the provisions of this clause and who shall make a final
                    and binding ruling.




                                                     10
FOLLOWING DOCUMENTS REQUIRED FOR APPLICATION FOR EXEMPTION FROM AUTO
                                    WORKERS’ PENSION FUND




1)     Official letter of application on letterhead from Employer, for and on behalf of the Employees to
       be exempted from having to be members of and to contribute to the Auto Workers’ Pension
       Fund, so as to permit the Employees to become members of and contribute to the firm’s in-house
       Pension or Provident Fund. If firm has branches involved, names and addresses of branches to
       be specified.


2)     Official special application/questionnaire form to be correctly completed in every detail.


3)     Copy of rules of the in-house Pension or Provident Fund.


4)     A list of the names of the Employees involved, at which branches employed, Trade Union
       numbers (NUMSA) if possible, dates commenced at firm and date commenced contributing to
       A.W.P.F. If already contributing to in-house Fund – dates commenced.


5)     To submit names of Employee and Employer Representatives on the board of Trustees of in-
       house Fund.


6)     If a number of Employees involved, suggest one letter to be composed, with printed names and
       signatures of Employees, to the effect that they wish to be exempted from membership of
       A.W.P.F. and become members of the firm’s in-house Pension or Provident Fund.


If only one or two Employees involved, single letters as above to be submitted.


e.g.   LETTER ALONG THE LINES:-


       We/I the undersigned hereby apply to be exempted from membership and having to contribute to
       the Auto Workers’ Pension Fund, so as to become members of and contribute to the firm’s in-
       house Pension / Provident Fund.




       Name                                  Signed                                 Date




                                                    11
NOTE:- Applications for Exemption from membership of M.I.S.A. Pension Fund, Motor Industry
Pension Fund (M.I.P.F.) and/or Motor Industry Medical Aid Fund or Automed Medical Aid Fund,
must be considered/handled on an individual basis by the Regional Council concerned.




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